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How would the use of eftpos by a retail business improve its productivity?
Wiki User
∙ 11y ago
Since the funds are transferred immediately from the customer to the retailer, the retailer doesn't have to wait for the money to clear the banking system. This means the retailer will have more cleared funds at their disposal - meaning they can use the funds to buy more stock - giving the customer more choices. Hopefully that would lead to customers spending more money - making more profit for the business.
Wiki User
∙ 11y ago
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